Big Banc Split Corp T.BNK

Alternate Symbol(s): T.BNK.PR.A

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential monthly cash distributions in the amount of $0.05 per Preferred Share ($0.60 per annum or 6.0% per annum on the issue price of $10.00 per Preferred Share) until November 30, 2023 (the Maturity Date) and to return the original issue price of $10.00 to holders on the Maturity Date. The Company will invest on an approximately equally-weighted basis in Portfolio Shares of the following publicly traded Canadian banks: Bank of Montreal; Canadian Imperial Bank of Commerce; National Bank of Canada; Royal Bank of Canada; The Bank of Nova Scotia; and The Toronto-Dominion Bank. The Portfolio will generally be rebalanced on a quarterly basis, starting on September 30, 2020, so that as soon as practicable after each calendar quarter the Portfolio Shares will be held on an approximately equal weight basis.

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Big Banc Split Corp

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Post by dbeaudeon Oct 30, 2013 7:53pm

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Post# 21863709

WTI crude price driving the market not Brent...

Brent was up today but WTI really down. The market is in backwardation where the forward crude price is lower than the current price. Even though Brent is close to $110, the market sees the reason as not fundamental but rather situational with problems in Libya so the major investors and looking to the WTI as the crude index that is more based on current fundamentals. Otherwise Bankers should have been up today with Brent up nearly a buck. Regardless, Bankers is enjoying really high price realizations with Brent at these levels and should be reflected in the quarterly financials next week.
Nevertheless it is frustrating as heck to see the TSX continually moving up and commodity based juniors stuck in the mud.

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